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Patience required

US stocks closed lower on concern about US Covid stimulus but the US$ index, and most Forex pairs and Gold, remain range-bound. Patience is required here in the wait for new breakouts.

 

Data: Watch today for any impact from AUD Monetary Policy Meeting Minutes and US Building Permits data.

 

Earnings: lots of big names reporting today!

 

CSI daily: still consolidating:

 

DXY daily: ditto:

 

Markets:

S&P500 4hr: weaker so watch for any retreat to the 4hr chart’s 61.8% fib:

 

ASX-200 4hr: the 6,200 remains in focus:

 

Gold 4hr: still range-bound here too:

 

Other charts; are little changed from the patterns profiled in the weekend analysis.